Baku: The price of Azerbaijani oil of the “Azeri Light” (CIF) brand in world markets has approached $68. The price of 1 barrel of Azerbaijani oil increased by $1.66 or 2.5% to $67.94.

According to Azeri-Press news agency, the previous price of Azerbaijani oil was $66.28. It should be noted that in this year’s state budget of Azerbaijan, the average price of 1 barrel of Azerbaijani oil of the “Azeri Light” brand was calculated at $70.